The Fiscal Cliff Deal That Business Wants

12/14/2012 5:58PM

Business leaders have been growing increasingly nervous about the outcome of the fiscal cliff talks but Committee for a Responsible Federal Budget president Maya MacGuineas reveals what the private sector wants to see.

This transcript has been automatically generated and may not be 100% accurate.

... I ... Nielsen in their deals um I wonder what in your estimation is based on conversations you have what would be incredible deal in this case ... present talks the four trillion dollars the Republicans talk about this and that can mean a lot of different things and what's incredible deal that will convince you ... to say nothing of these business executives in the public that the debt is really be dealt with at ... the port remains a lot of things depending on what's in it and where it starts ... the real trick here is can you put in place a big deal and not all the D tells be filled now but can you put in place the framework ... and on the D tells in the coming months ... that's big enough that it stabilizes that that ... the key here is that that that cannot be going faster than the economy ... in fact we see on a downward path ... House budget anytime soon which is what we use to be shooting for the fiscal hole is too deep ... but if he can at least get something where the economy's going faster than that that ... that makes the whole situation sustainable ... of the keys to a two which is ... there's a deal that could be that big but would just be on Saddam and it's designed France's it just lacks all public investment what raises revenues and all the wrong way to send the right ways ... you would wanna do that either or said something that's consistent with ... good governance and economic growth is also one but the real trick here is ... big enough so that that that's no longer going faster than the economy was on a downward path ...